Market Value Added (MVA)
Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
Twenty-First Century Fox Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Twenty-First Century Fox Inc. market (fair) value less invested capital. | Twenty-First Century Fox Inc. MVA increased from 2016 to 2017 and from 2017 to 2018. |
MVA Spread Ratio
Twenty-First Century Fox Inc., MVA spread ratio calculation, comparison to benchmarks
| Jun 30, 2018 | Jun 30, 2017 | Jun 30, 2016 | Jun 30, 2015 | Jun 30, 2014 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 62,572) | 34,655) | 33,526) | 41,648) | 60,333) | 53,766) | |
| Invested capital2 | 47,272) | 45,055) | 42,462) | 44,315) | 48,265) | 44,434) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 132.37% | 76.92% | 78.95% | 93.98% | 125.01% | 121.00% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Alphabet Inc. | — | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | — | |
| Walt Disney Co. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
1 MVA. See details »
2 Invested capital. See details »
3 2018 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 62,572 ÷ 47,272 = 132.37%
4 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | Twenty-First Century Fox Inc. MVA spread ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
MVA Margin
Twenty-First Century Fox Inc., MVA margin calculation, comparison to benchmarks
| Jun 30, 2018 | Jun 30, 2017 | Jun 30, 2016 | Jun 30, 2015 | Jun 30, 2014 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 62,572) | 34,655) | 33,526) | 41,648) | 60,333) | 53,766) | |
| Revenues | 30,400) | 28,500) | 27,326) | 28,987) | 31,867) | 27,675) | |
| Add: Increase (decrease) in deferred revenue | 98) | 75) | 57) | (242) | 13) | (203) | |
| Adjusted revenues | 30,498) | 28,575) | 27,383) | 28,745) | 31,880) | 27,472) | |
| Performance Ratio | |||||||
| MVA margin2 | 205.17% | 121.28% | 122.43% | 144.89% | 189.25% | 195.71% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Alphabet Inc. | — | — | — | — | — | — | |
| Comcast Corp. | — | — | — | — | — | — | |
| Meta Platforms Inc. | — | — | — | — | — | — | |
| Netflix Inc. | — | — | — | — | — | — | |
| Walt Disney Co. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).
1 MVA. See details »
2 2018 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 62,572 ÷ 30,498 = 205.17%
3 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Twenty-First Century Fox Inc. MVA margin ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |